Essex Public Library

Analysis

Essex Public Library is a registered charity in United States, based in Tappahannock, VA. It received its IRS tax-exemption ruling in August 1979, 47 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Essex Public Library reported income of $175k and spending of $150k, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $118k to $175k (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Essex Public Library sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Alcoholics Anonymous San Diego ($175k), Hospice of Keokuk County Inc ($175k) and Gladys Roden Senior Village Inc ($175k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 7.2% of the total. At year end it held assets of $969k against liabilities of $1,824, net assets of $967k.